Manager Accounts & Finance
Fiore Rosso Furniture llc
مجموع سنوات الخبرة :21 years, 4 أشهر
Efficiently spearheaded a team of 7 accountants at head office and in 13 depots.
Played a vital role in implementing credit policies in alignment with retail and whole sales sector.
Played a fundamental role in negotiating with contract filing customers to increase company business and net margin.
Key Responsibilities:
Directing the preparation of the policies, procedures, statutory, quarterly accounts and maintaining supporting records for consolidated financial statements/accounts for the entire department in accordance with standard accounting practices, improving monthly management accounts cycle and forecasting cash flows.
Designing annual budget guidelines to optimize project cash flows, managing working capital requirements and re-organizing processes for optimal utilization of financial structures for the group companies.
Managing accounts for suppliers, consultant’s staff, banks and auditors, follows up on contracts with the customers and analyze, negotiate the cost of contract with them.
Directing various financial accounting activities like review of accounts payable, purchase order, cash receipts, business licenses, payroll management, utility billing, invoicing, refunds, , collection of accounts receivable, management, payment of suppliers and contractors, prepare, correct and distribute expenditure reports to all departments.
Delivering audited financial statement at year-end. Reviewing, developing and implementing modifications to auditing procedures assuring conformity to accounting policy to increase effectiveness and efficiency of auditing.
Developing and administering the annual budget, forecasting financial expenditures for staffing, equipment, materials and supplies, monitoring and approving expenditures.
Streamlining the preparation of monthly /quarterly and annual financial reports/ consolidating financial statements that summarize and forecast the financial position, such as balance sheet, profit/ loss statements, budget report and cost report and provided valuable inputs to the management.
Identifying requirement of additional workforce, conducting training sessions to develop highly proficient accounting/ financial management team to achieve/surpass defined organization’s targets/goals.
• Involve in process of preparing Company strategy development procedures and polices including (feasibility report, budgeting and forecasting, plans, targets etc) base on list of assumptions, last year performance, consider external market factors and internal performance of staff.
• Review and analyses monthly activities reports, prepared variance reports drive from Actual v/s Budgeted accounts, reports helps to improve current company structure to meet the requirement of growing market needs, reports also helps to strengthen commercial and financial competency to improve financial decision making, operational effectiveness and profitability.
• Close coordination among the working team, including Top management, Litigation Department, corporate Department, Admin department and with external parties’ including customers, auditors, other consulting members.
• Follow up on accounts receivables of Head office only and prepare the monthly debtor’s status/ reports/aging analysis for whole group.
• Handling all major bank reconciliation’s, vendor/accounts reconciliation’s and key accounting functions i.e. job costing etc.
• Controlling the billing charges base on agreements with clients, like Annual retainer, Hourly basis contract, Percentage on claim amount.
• Set up a system of hourly charges to the client's bases on input by Lawyer, Legal Consultant, Lawyer Assistant, Administration, Legal advisor, para legal advisor etc.
Industry: Accounting & Auditing, Job Role: Auditing Services
Muhammad Arshad and Co (Chartered Accountants) is registered with “The Institute of Chartered Accountants of Pakistan” and provides services to its clients in the field of Audit, Taxation and Consultancy.
Key Responsibilities:
Completed quarterly and annual regulatory filings, prepared assigned quarterly and annual statutory statements in compliance with IFRS.
Accomplished internal and statutory audits, physical verification of assets and stocks, preparation of financial statements and reports for various clients of the company.
Scrutinized/evaluated the adequacy/effectiveness of internal controls and quality of performance in carrying out assigned responsibilities and are in compliance with organizational policies, plans, procedures, laws and regulations.
Served as liaison with external auditors and coordinated audit efforts to avoid duplication of effort and increase audit coverage.
Participated in evaluations, financial/management studies, special audits and fraud investigations as directed by the senior management.
Updated audit programs/checklists, planned and monitored audit work schedules and accordingly recommended implementation of forms, systems and procedures.
Evaluated system effectiveness and performed professional audits in accordance with the approved audit program.
Prepared detailed reports on audit findings and made recommendations to improve organizational accounting/management practices as well as internal control systems.
Assumed total responsibility for filing sales tax returns, income tax filing along with payments and monthly/annually withholding tax report.
Reviewed and monitored audit and tax assuring acquiescence with local tax laws and regulations. Prepared supporting documents for refund of sales tax.
Maintained and updated timekeeping system as well as manual/automated filing systems for confidential and administrative purposes in order to track information.
Managed interoffice communications, planned and scheduled meetings and appointments as well as maintaining requisite paperwork/ electronic files organized
FCPA – Fellow Certified Public Accountants, Pakistan -2009 ACPA Membership No: 341
Pakistan Institute of Public Finance Accountants, Karachi – Pakistan-2005 Associates member of IFAC (International Federation of Accountants- USA) Fellow Membership No: 4034 -
B. Com (Bachelor of Commerce) August, 2003